Transfer sum from current account to savings account

I am a businessmen and i  deposit cash in my current account. around 2 lakh per month as business income.

I wanted to know can i transfer some sum from current account to savings account for personal investment  purpose like share tradings,fds etc.

Or is it a wrong practice to do.

Also every year i have to deposit payment for PPF and by the new year start i have no sum in my current account hence i have to deposit cash into PPF which i think is not wise practice.

Should i  forward some sum into savings and make the payment from it?

Replies (5)
Quick Summary
A proprietor can transfer funds from current to savings account for personal use, investments or PPF without issue. Maintain proper records and prefer banking channels for transparency and compliance.

How you are doing business as a Individual, Firm or Company ?

Proprietership

Yes there is no issue of transferring funds from current to saving as you are a propreitor, but see to it that all the payments which you are making are from cheaque even of PF so as to avoid any discrepancy in future.

I basically do online transfer .It wont be a trouble than i guess.

Yes it wont make any issue.

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